U.S. shares rise as retail sales grow

Source: Reuters
Wall Street closed higher on Tuesday snapping the previous session of steep declines after a government report showed that retail sales in the world's largest economy rose notably easing concerns that the U.S. recovery lost its momentum. The Dow Jones industrial average added 0.71% to 16,373.86, the Standard & Poor's 500 Index gained 1.08% to 1,838.88 and the Nasdaq Composite Index surged 1.69% to 4,183.016.

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